The stock of Kimball Electronics Inc (NASDAQ:KE) reached all time high today, Nov, 14 and still has $37.73 target or 125.00% above today’s $16.77 share price. This indicates more upside for the $490.07 million company. This technical setup was reported by Barchart.com. If the $37.73 PT is reached, the company will be worth $612.59 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 183,136 shares traded hands or 80.54% up from the average. Kimball Electronics Inc (NASDAQ:KE) has risen 48.23% since April 12, 2016 and is uptrending. It has outperformed by 43.25% the S&P500.
According to Zacks Investment Research, “Kimball Electronics Inc. operates as a contract manufacturer of durable goods electronics. The Company specializes in durable electronics for the medical, automotive, industrial and public safety markets. It provides design, engineering, manufacturing, packaging, and distribution of electronic assemblies and circuit boards on a contract basis to a variety of industries. The Company has manufacturing operations primarily in the United States, Mexico, Thailand, Poland, and China. Kimball Electronics Inc. is headquartered in Jasper, Indiana.”
Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.55, from 1.68 in 2016Q1. The ratio is negative, as 8 funds sold all Kimball Electronics Inc shares owned while 30 reduced positions. 14 funds bought stakes while 29 increased positions. They now own 15.14 million shares or 1.75% more from 14.88 million shares in 2016Q1.
Geode Capital Mgmt Llc owns 323,769 shares or 0% of their US portfolio. Invesco Limited, a Georgia-based fund reported 30,009 shares. Price T Rowe Associates Md holds 0% of its portfolio in Kimball Electronics Inc (NASDAQ:KE) for 20,292 shares. First Interstate Bancshares has invested 0.01% of its portfolio in Kimball Electronics Inc (NASDAQ:KE). Walthausen Comm Limited Company, a New York-based fund reported 314,720 shares. Fincl Counselors accumulated 0.01% or 15,744 shares. Nwq Invest Management Company Lc owns 754,699 shares or 0.16% of their US portfolio. Alexandria Cap Limited Liability Company last reported 0.01% of its portfolio in the stock. Public Employees Retirement Association Of Colorado accumulated 16,241 shares or 0% of the stock. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Kimball Electronics Inc (NASDAQ:KE). Strs Ohio, a Ohio-based fund reported 8,700 shares. Blackrock Limited has 0% invested in the company for 11,613 shares. Moreover, Simcoe Mngmt has 3.2% invested in Kimball Electronics Inc (NASDAQ:KE) for 454,752 shares. Stifel has 228,379 shares for 0.01% of their US portfolio. Kestrel Invest Mngmt holds 222,900 shares or 1.15% of its portfolio.
More recent Kimball Electronics Inc (NASDAQ:KE) news were published by: Globenewswire.com which released: “Kimball Electronics, Inc. Announces Resignation of Director Christopher B. Curtis” on September 12, 2016. Also Plasticsnews.com published the news titled: “Kimball Electronics buys injection molding assets” on July 21, 2016. Globenewswire.com‘s news article titled: “Kimball Electronics, Inc. Announces Live Webcast of First Quarter Fiscal Year …” with publication date: October 17, 2016 was also an interesting one.
KE Company Profile
Kimball Electronics, Inc. (Kimball Electronics), incorporated on July 14, 1998, is an electronics manufacturing services (EMS) company. The Firm is engaged in producing electronics for the automotive, medical, industrial and public safety markets. The Firm provides design, engineering, manufacturing, packaging, and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries. The Firm offers various engineering, manufacturing and supply chain services, such as design services; production and testing of printed circuit board assemblies (PCBAS); industrialization and automation of manufacturing processes; product design and process validation and qualification; reliability testing, which include testing of products under a series of environmental conditions; assembly, production and packaging of other related non-electronic products; supply chain services, and product life cycle management. The Firm is engaged in producing safety critical electronic assemblies for the automotive market.
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